PIPS

I was still on a learning curve at this time and I was searching for my next program that would make me rich. By looking at www.hyipinvestment.com, their top rated program was an investment opportunity called PIPS (People in Profit System)
If you invested with they will return 2% interest every trading day. This attracted investors because of the high ROI (return on investment) and PIPS looked legitimate.
Why? Because the owner named BRYAN MARSDEN was actually a real guy. You could go to his office in Malaysia, he had staff working for him, owned a coffee shop. The one factor that convinced everyone was the fact he held conventions. Investors could actually meet the guy in person. Bryan Marsden held extravagant conventions, very colourful, fashion cat walks, charity supporting, donating. It all added to effect. It looked like the holy grail of investing because everything was tangible and “real”. I jumped right in and deposited big because I was convinced no way this was a scam. M account went from $800 to over $8000 in just under 7 months. One question that was never answered properly by Bryan Marsden was

‘ how do you make money with our money ? ‘

His reply was through trading but the thing was he never did show his trading records, because he claimed that would mean exposing his “secret”. That was his “competitive advantage” and he didn't’t want anyone to know.
His program had lasted over 2 years and the turning point had come. New member’s funds were not able to match the withdrawal request.  Now it was time for excuses, the usual

“The banks we use can only process a certain amount of transactions each day “
“It’ll take a month to receive payment to do due to overseas banking “

What was brave about this guy BRYAN MARSDEN was that he still held the convention while people demanded their money. Before the convention Bryan Marsdens supposedly opened up a bank in Cambodia so that he could do transactions his own way. This was supposed to make investors feel “better”.

Questions that was asked at the convention

“ If we go to your bank in Cambodia will we able to withdraw our cash  ? “

His reply

“ No, because the money is involved in other projects “

People wanted out of this program. Some sold their account. I sold my account for £1200 which had $8000 virtual dollars to some guy, I’ve no idea what he wanted of that account.
Malaysian regulatory authorities got involved and soon Bryan Marsden was being investigated and his operations were shut down.
Pips Discussion

<< Back Next >>